Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
ACE Europe Offers Online Environmental Cover
Apr 30 2007 // ACE European Group announced from its London office that its Commercial Premises Pollution Liability (PPL) product is available online via its fully automated e-commerce platform – ACE Online. ACE said it is...
Generali, PPF Create Joint Insurer for Eastern Europe
Apr 27 2007 // Italy’s Generali Group has concluded an agreement with PPF Group N.V., an international financial group, headquartered in Amsterdam, Netherlands, which is 95 percent controlled by Petr Kellner, a Czech entrepreneur...
Sellek Named as Managing Director for Best Europe
Apr 20 2007 // A.M. Best Co. announced that Roger Sellek will be joining the rating agency as Managing Director – Global Financial Services for A.M. Best Europe in early May. He will work from Best’s London offices and will...
Swiss Re $426 Million European Clean Energy Fund Fully Subscribed
Apr 16 2007 // Swiss Re announced that it has successfully closed the €329 million ($446 million) European Clean Energy Fund to further investment. “The Fund, a UN accredited investment vehicle, provides capital to European clean...
Converium Management Urges Shareholders to Reject SCOR Offer
Apr 16 2007 // The management of Swiss-based reinsurer Converium issued a bulletin urging its shareholders to reject the offer by France’s SCOR Group, which has already acquired a 32.9 percent stake in Converium (See IJ web site...
European Insurance Forum puts Ireland in the spotlight
Apr 9 2007 // Eighteen years ago an Irish insurance conference would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the...
Best Downgrades Steamship Mutual Bermuda and UK Ratings
Mar 29 2007 // In separate bulletins A.M. Best announced that it has downgraded the financial strength rating of The Steamship Mutual Underwriting Association (Bermuda) Limited (the Club) and its UK operation Steamship London to...
Xchanging Prepares IPO
Mar 27 2007 // London-based Xchanging announced plans for an initial public offering, and the listing of its shares on the London Stock Exchange. The offer is limited to the UK and selected European countries; no listing will be made in...
XL Names Muldoon Sr. VP – Strategy, Development and Planning
Mar 21 2007 // XL Capital Ltd. has appointed Fiona Muldoon to the expanded role of Senior Vice President and Corporate Strategy, Development and Planning Officer. She previously served as Senior VP and Financial Planning Officer for the...
Holocaust Insurance Claims Appeals Conclude; $300 Million Awarded to Survivors
Mar 20 2007 // The International Commission on Holocaust Era Insurance Claims (ICHEIC) announced that its claims and appeals processes have concluded. More than $300 million in awards were distributed to more than 48,000 Holocaust...
European Insurance Forum Puts Ireland in the Spotlight
Mar 19 2007 // 18 years ago an Irish insurance conference probably would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the...
Dignat Joins Guy Carpenter’s New European Solutions Group
Mar 19 2007 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of Laurent Dignat, 41, to its newly created European Solutions Group. He...
Marsh Expands Europe Specie Team
Mar 14 2007 // Marsh announced from its London office that it has appointed Mervyn Owen as jewelers’ block specialist in the London office of its Specie Practice, which “delivers insurance services and advice concerning...
S&P Sees No Ratings Change for Swiss Re Subsidiaries
Mar 14 2007 // Standard & Poor’s Ratings Services said that its ratings and outlooks on the European subsidiaries of Zurich-based global reinsurer Swiss Reinsurance Co. -rated “AA-/Stable/A-1+” – remain...
Swiss Re to Alter Structure as EU Re Directive Deadline Approaches
Mar 13 2007 // Swiss Re announced plans to alter its current corporate structure within the European Union by forming three legal entities, based in Luxembourg. They “will serve as risk carriers for most of its European reinsurance...
EU to Promote Alternative Energy, Cut CO2 Emissions
Mar 12 2007 // The European Council, a working group of EU country ministers, concluded its meeting in Brussels on Friday, March 9, with the announcement of ambitious goals to improve energy efficiency and reduce greenhouse gas...
People
Mar 12 2007 // Markel Insurance Co. named Thomas K. “Smitty” Smith vice president of marketing. Smith joins Markel after three years as senior vice president and managing director of the Richmond, Va., branch of Riggs,...
Marsh Comments on Effect of EU’s ‘REACH’ Regulations
Mar 7 2007 // On 29 October 2003, the European Commission adopted a proposal for a new EU regulatory framework for chemicals. The new system, dubbed REACH (Registration, Evaluation and Authorization of CHemicals), outlined a complex...
Marsh Sees ‘Demand Surge’ in Romania’s Compulsory D&O Law
Mar 2 2007 // “Changes to Romanian corporate law, making it compulsory for companies to purchase directors’ & officers’ liability insurance (D&O), are creating a surge in demand for cover,” according to...
Allianz Preliminary Earnings Report-Net Income up 60% to $9.2 Billion
Feb 22 2007 // Germany’s Allianz released strong growth figures in its preliminary earnings report with net income for the year up by 60 percent from just under €4.4 billion ($5.77 billion) in 2005 to more than €7 billion ($9.2...
